Looking to diversify beyond FORTX? The mutual funds below have the lowest correlation with FORTX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FORTX.
Best Diversifiers for FORTX
1 mutual funds have low correlation with FORTX (below 0.3), 1 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of -0.02, down from 0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.02 | 0.12 | — | 64 | Diversified Portfolio | FORTX vs MHELX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.32 | 0.26 | — | 99 | Diversified Portfolio | FORTX vs STDAX | |
| Greenspring Fund | 0.36 | 0.49 | — | 58 | Diversified Portfolio | FORTX vs GRSPX | |
| Nuveen Flexible Income Fund | 0.48 | 0.50 | — | 97 | Diversified Portfolio | FORTX vs NWQIX | |
| ICON Equity Income Fund | 0.50 | 0.48 | — | 70 | Diversified Portfolio | FORTX vs IOEZX |
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